Rising Government Investments to Boost Construction Industry in Colombia in the Coming Years
No of Pages – 69 Publishing Date - December , 2016
Browse detailed TOC , Tables , Figures , and Charts in Global Serial Device Server Consumption 2016 Market Research Report at :
http :// www . marketresearchhub . com / report / construction-in-colombia-key-trends-and-opportunities-to-2020- report . html
The rapid expansion of the construction sector in Colombia has given a positive growth to the market . Due to the government investments , country ’ s construction industry will continue to expand in real terms over the forecast period , studied by Timetric ’ s new report added to the wide database of Market Research Hub ( MRH ). Colombia Construction Industry Market Report analyzes that in real terms the registered growth rate was 3.9 % in 2015 which was lesser than the previous years . Thus , economic recovery united with government investments in residential and infrastructure enhanced the issuance of building permits and contributed to its growth . According to the key findings , strengthening of the government ’ s housing programs , as well as a continued prominence on improving transport infrastructure of Colombia ’ s construction sector is well placed for growth over the forthcoming years . Construction of highways and other infrastructure is accelerating as successive tenders for the Fourth Generation ( 4G ) road projects are launched . Under the 4G highway program , the investment of COP70.0 ( i . e . US $ 35.0 million ) to renovate 8000 km of road and 3500 km of the four-lane highway by 2020 is assessed .